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2915 New Pinery Road

Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI
SOLDRetail

Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI

2915 New Pinery Road

$3,600,000

Building Size

Asset Type

Retail

Closing

Jun 18, 2024

AI

The retail property at 2915 New Pinery Road in Portage, WI, was sold for $3,600,000 on 06/18/2024. The property, a single-tenant, net-leased grocery asset occupied by Festival Foods, was part of a transaction brokered by Brian Brisky from Brisky Net Lease. The sale involved the transfer of ownership from one REIT to another.

Summary of transaction details:

The transaction was facilitated by Brian Brisky of Brisky Net Lease, who represented the parties involved in the sale of the Festival Foods-occupied retail property. The transfer of ownership from one REIT to another underscores the strategic investment decisions made within the commercial real estate market in Portage, WI.

Players

Brian Brisky

Brisky Net Lease

Broker

$65M

vol

6 deals

Broker

Portage Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93